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U.S. renewable energy industry relieved as Republicans keep tax credits

Reuters Business News - Sat, 12/16/2017 - 18:45
WASHINGTON (Reuters) - The U.S. renewable energy industry expressed relief after a compromise Republican tax bill released late on Friday preserved key tax credits that had been at risk of being removed, but it raised concerns about a provision that may threaten investment in the sector.
Categories: Reuters

CSX CEO Harrison dies months into railway's turnaround effort

Reuters Business News - Sat, 12/16/2017 - 16:32
NEW YORK (Reuters) - CSX Corp Chief Executive Hunter Harrison has died, the freight railway operator said on Saturday, just a few days after announcing that the veteran rail executive hired earlier this year to boost its profits had taken a medical leave of absence.
Categories: Reuters

CSX CEO Harrison dies days after medical leave announced

Reuters Business News - Sat, 12/16/2017 - 15:44
NEW YORK (Reuters) - CSX Corp Chief Executive Hunter Harrison has died, the freight railway operator said on Saturday, just a few days after announcing that he was taking a medical leave of absence.
Categories: Reuters

U.S. labor board adopts business-friendly 'micro union' test

Reuters Business News - Sat, 12/16/2017 - 15:20
(Reuters) - A U.S. labor agency on Friday made it tougher for workers to form so-called micro unions made up of small groups of a company's employees, reversing an Obama-era decision that had been sharply criticized by companies.
Categories: Reuters

U.S. renewable fuel industry relieved as Republicans keep tax credits

Reuters Business News - Sat, 12/16/2017 - 15:05
WASHINGTON (Reuters) - The U.S. renewable energy industry expressed relief after a compromise Republican tax bill released late on Friday preserved key tax credits that had been at risk of being removed, but it raised concerns about a provision that may threaten investment in the sector.
Categories: Reuters

Brazilian prosecutors ask state bank Caixa to remove vice presidents

Reuters Business News - Sat, 12/16/2017 - 13:58
BRASILIA (Reuters) - Brazilian prosecutors have asked that all the vice presidents of Caixa Economica Federal be replaced for what officials suspect are "irregularities" at the state bank, according to a document made public late on Friday.
Categories: Reuters

Metlife says it failed to pay some pensions, flags hit to reserves

Reuters Business News - Sat, 12/16/2017 - 09:36
NEW YORK (Reuters) - Metlife Inc failed to pay pensions to potentially tens of thousands of people and will have to strengthen its reserves because of the costs of finding and repaying them, the New York insurer said. Metlife said in a filing on Friday that it believed the group missing out on the payments represented less than 5 percent of about 600,000 people who receive benefits from the company via its retirement business. Those affected generally have average benefits of le
Categories: Reuters

U.S. Justice Department, AT&T settlement talks failed: court filing

Reuters Business News - Sat, 12/16/2017 - 05:41
WASHINGTON (Reuters) - The U.S. Department of Justice and AT&T Inc have held unsuccessful settlement talks over the wireless and pay-TV company's bid to buy movie and TV show maker Time Warner Inc , the two sides said in a court filing on Friday.
Categories: Reuters

P&G appoints Peltz to board despite losing proxy battle

Reuters Business News - Sat, 12/16/2017 - 05:38
(Reuters) - Procter & Gamble Co said it appointed Nelson Peltz to its board despite the activist investor narrowly losing a months-long proxy fight, the biggest ever involving a U.S. company.
Categories: Reuters

HMC Spins Out $3.4B Real Estate Team To Bain Capital

FINalternatives - Fri, 12/15/2017 - 22:35

The 20-person real estate team at Harvard University’s $37 billion endowment will reportedly spin out and become part of a new Bain Capital real estate investment group formed to bring the group aboard.

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Uber should have given court an ex-employee's letter about 'fraud and theft' in Waymo case

Reuters Business News - Fri, 12/15/2017 - 21:34
SAN FRANCISCO (Reuters) - Ride hailing company Uber was obligated to turn over to a U.S. federal judge a letter from a former employee that told of the company's "fraud and theft" and mentioned evidence of stolen trade secrets nailed "like a scalp" to the wall, a court official said Friday.
Categories: Reuters

Healthcare draws election-year worry, but 2016 repeat not seen

Reuters Business News - Fri, 12/15/2017 - 20:50
NEW YORK (Reuters) - With another election year looming, investors in the healthcare sector are wary the coming months could reopen wounds suffered during the 2016 U.S. presidential race.
Categories: Reuters

Wilshire Liquid Alternative Index Gains +0.32% in November

FINalternatives - Fri, 12/15/2017 - 20:44

Liquid alternatives continued to broadly outperform their hedge fund brethren in November, according to new data from Wilshire Associates, driven primarily by long-biased equity strategies. 

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Capital Partners Closes Third Equity Income Fund At $600M

FINalternatives - Fri, 12/15/2017 - 20:30

Private equity company Capital Partners LLC has raised $600 million in capital commitments for its third equity income fund, hitting its hard cap.

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Amundi Announces Absorption Of MiFID II Research Costs

FINalternatives - Fri, 12/15/2017 - 20:04

Bringing its final decision nearly down to the wire, Paris-based money manager Amundi has announced it will absorb the costs of sell-side and independent research once the EU’s MiFID II regulatory framework comes into effect in January 2018.

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Unilever to sell spreads business to KKR for $8 billion

Reuters Business News - Fri, 12/15/2017 - 19:49
(Reuters) - Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products.
Categories: Reuters

SS&C GlobeOp: Hedge Fund Performance Index Down -0.40% In November

FINalternatives - Fri, 12/15/2017 - 19:24

Hedge fund performance slipped in November after several consecutive months of positive returns, according to new data from SS&C GlobeOp, while net asset flows also took a breather.

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HFR Unveils New Cryptocurrency Indexes As Sector Booms

FINalternatives - Fri, 12/15/2017 - 19:18

Hedge fund industry index provider Hedge Fund Research has debuted two new benchmarks aimed at capturing the performance of hedge funds exposed to the exploding blockchain and cryptocurrency markets. The new measures, named the HFR Blockchain Composite Index and the HFR Cryptocurrency Index, are the first family of indices designed to capture performance of hedge funds investing in this rapidly evolving space.

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John Griffin Said To Close Blue Ridge Capital

FINalternatives - Fri, 12/15/2017 - 19:03

Veteran hedge fund manager and original tiger cub John Griffin is reportedly shuttering Blue Ridge Capital after thirty years in the industry and will return capital to investors, as the inexorable bull market in equities and years of low interest rates dent long/short strategies.

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Hamburger chain Wendy's to reduce antibiotic use in beef supply

Reuters Business News - Fri, 12/15/2017 - 18:47
CHICAGO (Reuters) - Hamburger chain Wendy's Co laid out plans on Friday to trim the use of antibiotics that are important to human medicine from its beef supply, the latest step by a food company to fight concerns about resistance to the drugs in people.
Categories: Reuters
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